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A Pastoral Legacy
Bequests and Wills
Knowing that the kids had no interest in ever returning to live on the farm, Jack and Wanda had to decide what would happen to their land after they are gone.
Jack and Wanda live on a large farm where they grow vegetables and raise a wool-producing herd of sheep. With the rolling fields, deep green pastures and a tree-lined stream, the farm always provided a fulfilling and satisfying life for this couple.
By watching their budget and saving their profits, they were able to send their two children to college. After graduation, their children moved to the city and developed successful careers. Neither of them had an interest in returning to work on the farm.
Knowing that the kids did not want to live on the farm, Jack and Wanda had to decide what would happen to their land after they are gone.
The land, with its pastoral beauty, would certainly appeal to anyone seeking the rural life. The value of the farm has increased over the years, enhanced by the nice house and barn that Jack built.
They gave serious thought to the people and charities they wanted to remember in their wills. They were concerned that the process would involve complex legal documents and expenses. However, when they met with their attorney she explained that wills are relatively simple documents that are cost-effective to prepare – and their wills could take care of all their planning goals. With the help of their attorney, they wrote their wills and divided their property between their two children and Episcopal Relief & Development.
Jack and Wanda are now assured that their children will enjoy the results of their prosperous farm. And they are happy to leave a legacy to Episcopal Relief & Development. They even got to specify how the money would be used, so they know their bequest will benefit a cause close to their heart — their gift will help struggling farmers become successful.
Learn more about how you can include Episcopal Relief & Development in your will by contacting us today.
